From the category archives:

Money Management

How to Be a Savvy Shopper

by D.J. on December 27, 2011

in Money Management

Today almost everyone can use a discount or two. Even now when money is tight there are still places that offer true discounts on items needed daily in your life. Getting creative and doing your homework before venturing out can help to save you a lot of money over time.

One important thing to realize about discount stores is that they buy the merchandise that manufacturers are having a hard time getting rid of. The discount stores are able to buy these items at a fraction of the cost and sell them to you for less. There is nothing wrong with these items, except that they were slow movers. They can offer a great amount of savings off of name brand items.

Large discounts stores, while they do have sales also generally have a location within the store for last season’s big hit, along with many items they choose to put in the discount aisle. Look to buy in bulk on staples used every day. This comes in handy, especially when they are the sale item and can offer you good savings.

You need to get the local flyers out and really look to see who is offering the best deals each week, and then commit to attend several locations in a single outing. Buying items in discount stores after the holiday has passed can get you items for the next year at a fraction of the cost.

Coupons are another great measure to add when shopping for bargains. You can get them from your local papers or online. Also, choosing generic brands over the named brands can continue your trend in savings. Whatever your needs, using the above methods will help you save big on many of your needed items. Remember to always make a list before heading out.

Items such as shampoos, cleaning supplies and paper products are great to buy at discount stores. The ingredients in generic shampoos and cleaning supplies are really not different from those in name brand department stores. Keeping this in mind will cut the costs but not the quality.

Shopping in a discount store can yield significant savings. For everyday cleaning items that you use profusely, shopping at a discount will keep you within your budget. There will always be some items that you have to pay full price for, but savvy shopping at discount centers will help alleviate those costs.

Another tip to keep in mind is to buy generic items whenever possible. Most supermarkets stock their own brand name foods. These can often be similar or even the same to the brand name items at a fraction of the cost. Look for bargains but beware of buying something just because it is on sale as sometimes you’ll end up spending more than you really need to.

Before heading out to the supermarket it’s also a good idea to write a list or stick to it. This will help stop impulse purchases. You can use this strategy with other types of shopping as well.

Using cash instead of debit or credit cards is another good idea. This will mean you can only spend what you have on you and other items that you may impulsively buy if you had plastic on you can be given a little more thought – do you really need that new pair of shoes? If the answer is still yes in a few days time then you can purchase the item knowing you’ve given it logical though.

Saving money while shopping isn’t too difficult if you stick to a few basic and important rules – make a list, shop around and think purchases through before buying.

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